Financial reporting

The Financial Accounting Standards Board has issued a new accounting standards update to provide guidance on disclosing uncertainties about a business’s ability to continue as a going concern, while further distancing U.S. GAAP from International Financial Reporting Standards.

The Securities and Exchange Commission has named James Schnurr, a former vice chairman at Deloitte, as chief accountant.

A post-implementation review of an accounting standard for state and local governments on the impairment of capital assets and insurance recoveries found that it provides important information to users, but does not resolve all the issues it was meant to address.

The Securities and Exchange Commission is bringing charges against a telecommunications equipment maker and two of its former executives for improperly recognizing as revenue over a million dollars’ worth of inventory.

Accounting Principals shows where your next job should be

The Accountants Confidence Index got back into sync with an upward tick in July, after the short- and mid-term readings split in June.

BeachFleischman relocates, CAMICO redesigned its website, and more…

AICPA senior VP and COO Tony Pugliese discusses the changes in store for how accountants learn.

The Financial Accounting Standards Board announced that registration is open for its upcoming webcast covering the 2015 GAAP Taxonomy.

The Financial Accounting Standards Board issued a proposed Accounting Standards Update Wednesday intended to simplify the accounting for a customer’s fees paid in a cloud computing arrangement.

Hertz Global Holdings said full-year results will miss the low end of its forecast because of challenges including industrywide vehicle recalls which prevented it from meeting demand and costs related to an accounting review.

The Public Company Accounting Oversight Board has released for public comment a staff consultant paper on standard-setting related to auditing accounting estimates and fair value measurements.

AICPA senior VP Lawson Carmichael discusses the mission and results of the institute's recent Task Force on the Future of Learning.

A post-implementation review conducted by the Financial Accounting Foundation of a 2004 accounting standard on share-based payment transaction said that it achieved its purpose and provides useful information to financial statement users.

The American Institute of CPAs announced that it recently enrolled its 400,000th member.

The Financial Accounting Standards Board has added five more projects to its agenda for simplifying accounting standards, including short-term projects related to debt and tax accounting.

The International Accounting Education Standards Board has issued a new plan to support the adoption and implementation of the recently revised International Education Standards for accountants.

PricewaterhouseCoopers LLP was fined $25 million after sanitizing a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd., New York’s top bank regulator said today.

Deloite LLP has named Frank S. Friedman as the firm's new CEO, succeeding Joe Echevarria, who is retiring to focus on public service.

Governments that default on their sovereign debt could be falling victim to the absence of accrual accounting in most public sector entities, and the International Federation of Accountants wants to change that.